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Walmart shares drop after outlook disappoints Wall Street
The move comes ahead of Walmart’s scheduled fiscal second-quarter earnings report on Thursday, which is expected to shed light on consumer demand.
Walmart shares fell sharply after its outlook disappointed Wall Street, according to CNBC Markets and CNBC Earnings.
The selloff arrives ahead of the retailer’s fiscal second-quarter earnings report scheduled for Thursday.
Investors are looking to the upcoming results for clues on the state of consumer spending and the broader “K-shaped” divide in the economy, CNBC said.
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